Meeting your needs & helping you build your business
Helping you take control of your day-to-day finances
Informing your decisions with management reporting
Understand your business performance with the support of experts.
Helping you comply, and providing practical advice
Providing peace of mind, with precision
Meeting the specific requirements of your sector
Helping you keep on top of your accounts and cash flow
Interact with your data online, anytime, anywhere
Ongoing support for your accountancy software package
Manage your accounts with Sage’s upgraded software package
Cloud-based accounting to improve efficiency and flexibility
System add-ons and apps tailored to meet clients’ accounting software needs
Recommended add-ons to improve your accounting software
The switch towards digital services and cloud technology
Simplifying complex staff pay, tax and HR requirements
Enabling you to get more out of Sage
Third-party apps for Xero and QuickBooks
Helping your business run more smoothly
When advising our clients we aim to deliver the best service and provide the best outcome.
Supporting you and your workforce through relocation and transitions
Helping you understand individual rights, and avoid disputes
Ensuring you have the right papers for the right people
Helping you to be fair and flexible
Maintaining stability as your business moves on
Helping you to help yourself
Guiding you on any situation
Finding the right way to resolve difficult situations
Helping you deal with all aspects of ending contracts
Creating the right conditions for your teams
Helping couples through separation or divorce
Advising on commercial disagreements
Making sense of the family law process
Helping you get the right support after an accident
Estimating what your business is worth
Reliable recovery advice when you need it most
Giving you practical advice and answers
Helping achieve a positive outcome
Details of fees and expenses
Reassuring help through insolvency or financial difficulty
Escalate accountancy led commercial dispute resolution
Supporting your success through specialist offshore services
Helping you thrive in the region
Helping you prosper in our country
Ensuring you benefit from the best international rates
Creating opportunities through international connections
Helping reduce your administrative burden
Ensuring you maintain a healthy cash flow
Adding the right skills to your workforce
Supporting you to do the best for your staff
Saving you time; ensuring compliance, accuracy and efficiency
Providing the full range of support & services you need
Helping you navigate all the options
Ensuring your way of life is always as you want it
Helping you look forward to the future
Making the most of your investments
Helping you do more than comply with the regulations
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Strengthen your case for securing growth capital on the right terms
Ensure new markets add value to your business
Understand your opportunity to expand abroad
Connecting the right parties
Helping you make better decisions
Pick the right growth strategies
Setting the right direction for your business
Helping you understand what your business is worth
Helping you develop a clear plan and put it into action
Helping you get the facts when you acquire a business
Planning how to expand and improve
Helping you plan and raise finance for transferring a business
Advising you on developing or growing your business by teaming up with others
Helping ambitious businesses and forward-thinking funders
Angel and crowd funding for extraordinary entrepreneurs
Helping scalable early-stage businesses thrive
Supporting you through the sales process, and helping you achieve the best value
Helping you enter new markets safely and profitably
Ensuring you comply with regulations and helping you manage your VAT
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Helping your international business assess arms-length relationships and tax risks
Helping you make the most of the tax incentives available to you
Making sense of your UK personal tax reporting, and ensuring you pay the right amount.
Reducing the impact of a current or future tax investigation
Minimising your risk with the best possible representation
Thinking ahead to help you structure your transactions effectively
By 2014, the network of franchisees had expanded to over 190 areas throughout the UK, with a further 25 in Ireland. In 2014, the TaxAssist executive management team asked Price Bailey for help with the buy-out of the group’s parent company, TaxAssist Direct Ltd.
Creating this model presented a number of significant challenges:
As with many transactions involving complex funding negotiations, the buy-out went through a number of stages over a prolonged period before the final deal was reached. However, this process was vital in helping shape the eventual deal, with the investor group forming a franchisee-assisted management buy-out (FAMBO).
As part of the process, we carried out a detailed financial modelling exercise, examining the funding requirements and affordability of the anticipated deal structure. We also created a business plan for the new investors and bank to consider.
The agreed funding structure consisted of significant third-party investment from more than half of the franchisees and their staff, together with other trading partners of the company, plus a multi-million loan agreed with HSBC. External financial due diligence was undertaken on behalf of the bank, to examine the suitability of the proposals and financial model.
Following a round of meetings with potential investors and franchisees, we helped TaxAssist’s management devise a suitable corporate structure.
The FAMBO was successfully completed in August 2014. The business is now 32% owned by franchisees, 53% by the senior management team and 15% by long-standing external business partners.
Karl SandallTaxAssist Accountants
Tax Assist is an award-winning nationwide franchise network of more than 200 accountancy practices, providing tax and accounting services to over 58,000 small businesses
Creating a strategic plan
Financial due diligence
Management buy-outs and buy-ins
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Call us for free or submit your enquiry online
Call us on 0800 434 6460
From growing pains to trade sale and day-to-day challenges.
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Using our strategy advice to achieve healthy growth for the community
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